Common use of Replacement of Personal Property Clause in Contracts

Replacement of Personal Property. No personal property included as part of the Property shall be removed from the Property unless the same is replaced with similar items of at least equal quality prior to the Closing Date.

Appears in 22 contracts

Samples: Contribution Agreement (Berkshire Realty Co Inc /De), Contribution Agreement (Berkshire Realty Co Inc /De), Development Contribution Agreement (Berkshire Realty Co Inc /De)

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Replacement of Personal Property. No personal property Personal Property included as part of the Property shall be removed from the Property unless the same is replaced with similar items of at least equal quality prior to the Closing DateClosing. Buyer acknowledges that the Management Company may own the computers, software and certain other equipment used at the Real Property.

Appears in 12 contracts

Samples: Purchase and Sale Agreement (Capital Realty Investors Ii LTD Partnership), Purchase and Sale Agreement (Berkshire Income Realty Inc), Purchase and Sale Agreement (Equity Resource Group Inc Et Al)

Replacement of Personal Property. No personal property included as part of the Property shall be removed from the Property unless the same is replaced with similar items of at least equal quality prior to the Closing DateClosing.

Appears in 11 contracts

Samples: Purchase and Sale Agreement (Berkshire Income Realty Inc), Purchase and Sale Agreement (Berkshire Income Realty Inc), Purchase and Sale Agreement (Berkshire Income Realty Inc)

Replacement of Personal Property. No material personal property included as part of the Property shall be removed from the Property unless the same is replaced with similar items of at least equal quality prior to the Closing DateClosing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cottonwood Multifamily Reit Ii, Inc.)

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Replacement of Personal Property. No personal property included as part of the Property shall be removed from the Property unless the same becomes obsolete and is replaced with similar items of at least equal quality prior to the Closing DateClosing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Brookdale Senior Living Inc.)

Replacement of Personal Property. No material personal property included as part of the Property shall be removed from the Property unless the same is replaced with substantially similar items of at least equal substantially similar quality prior to the Closing Dateapplicable Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.)

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